Aug 19, 2017

1.There is nothing new in Wall Street. There can’t
be because speculation is as old as the hills. Whatever happens in the stock
market today has happened before and will happen again.

2.The desire for constant action irrespective of
underlying conditions is responsible for many losses in Wall Street even among
professionals.

3.I never lose my temper over the stock market. I
never argue the tape. Getting sore at the market doesn’t get you anywhere.

4.They say you can never go poor taking profits.
No, you don’t. But neither do you grow rich taking a four-point profit in a
bull market. Where I should have made twenty thousand I made two thousand. That
was what my conservatism did for me.

5.Remember that stocks are never too high for you
to begin buying or too low to begin selling.

6.A man may see straight and clearly and yet
become impatient or doubtful when the market takes its time about doing as he
figured it must do. That is why so many men in Wall Street…nevertheless lose
money. The market does not beat them. They beat themselves, because though they
have brains they cannot sit tight.

7.After spending many years in Wall Street and
after making and losing millions of dollars I want to tell you this: It never
was my thinking that made the big money for me. It always was the sitting. Got
that? My sitting tight!

8.Losing money is the least of my troubles. A
loss never bothers me after I take it…But being wrong—not taking the loss—that
is what does the damage to the pocketbook and to the soul.

9.Prices, like everything else, move along the
line of least resistance. They will do whatever comes easiest.

10.The
speculator’s chief enemies are always boring from within. It is inseparable
from human nature to hope and to fear. In speculation when the market goes
against you hope that every day will be the last day—and you lose more than you
should had you not listened to hope—the same ally that is so potent a
success-bringer to empire builders and pioneers, big and little. And when the
market goes your way you become fearful that the next day will take away your
profit, and you get out—too soon. Fear keeps you from making as much money as
you ought to. The successful trader has to fight these two deep-seated
instincts…Instead of hoping he must fear; instead of fearing he must hope.

Tom went from trading his own money, to forming
TrendStat and managing other peoples money. At the peak of his career, TrendStat
managed $600million dollars of capital.

Tom
is one of best traders featured from Market Wizards on the psychology of
trading. Here are favorite quotes from his interview in this book.

“I realized that every time I had a loss, I
needed to learn something from the experience and view the loss as tuition at
the College of Trading. As long as you learn something from a loss, it’s not
really a loss.” – Tom Basso

“When your account has these massive swings up
and down, there’s a tendency to feel a rush when the market is going your way
and devastation when it’s going against you. These emotions do absolutely
nothing to make you a good trader. It’s far better to keep the equity swings
manageable and strive for a sense of balance each day, no matter what happens.”
– Tom Basso

“I probably do more mental exercises now than I
ever did. Each morning while I’m driving to work, I make a conscious effort to
relax. I mentally rehearse any conflict that might happen that day. The process
of mentally organizing and relaxing before I get to work helps me start my day
in a very positive frame of mind.” – Tom Basso

“Also, it helps if you view your life as a
movie. If you go to a video store and rent a horror movie, you’re voluntarily
letting yourself be horrified, and it’s not stressful because deep down
you know it’s just a movie. What if you had the same attitude about life?” –
Tom Basso

“I think investment psychology is by far the
most important element, followed by risk control, with the least important
consideration being the question of where you buy and sell.” – Tom Basso

This is one of the
very old and premium brands in jewellery market. They had been making losses.
We can not compare the topline and bottomline with its peers such as PC
Jewellers, as TBZ has been on the backfoot regarding expansion. But the good
news is that it has turned around and started making profits from break even
for many years. The main rerating point for all the organized players in this
sector is the demonetization. We have already seen that for the bigger players
like Titan, PC Jewellers and others. The dominant presence in bigger market like Mumbai is also a plus for the company.

Technical Picture:

The stock crossed
100 DMA recently after many years and about to cross 200 DMA on weekly charts
after which it will give faster surge. The 5% circuit filter limit is limiting
the fast rise of the stock. The stock is ready to shoot up 50pc plus in a very
short span of time. After listing it briefly made lifetime high of 300 and languishing since then. It has been clearly doing base building during 2016-17 and ready to rise and probably make new high as well.

This is only a brief commentary; you can contact
us for complete research, analysis and view on the stock.

Join one of our services for getting regular
trading calls in all segments like equity stock cash intraday, positional,
index options, index futures, stock futures, stock options and intraday and
positional in all of the segments with high accurate less calls with small
stoploss and bigger target with personalized service for tracking your
profits/losses with us, that’s what we call assured profit services.

This is only a brief of a full report. It is possible, that we have already given this
stock recommendation to our clients, or will give it in future, and may
exit/reenter as per deem fit to us, updates of which are not possible to give
everytime.

Research in stock market, about companies is
subject to change on day to day basis due to news and developments etc.

Disclaimer:
We or our clients may be holding positions in one or more or all of the stocks
recommended by us.

Go check out our site for details or email us or
call us for detailed discussion.

We have been
bearish for most of the past year on this scrip. The company has been in news
for all the wrong reasons since last few months with legal issues and growth
problems. The topline is growing but the profitability is suffering which we
believe is the problem of all companies in the sector. With government cracking
down on the profit margins of healthcare sector by variety of steps, we believe
an entire rerating of companies such as Fortis will be done by market just like
the pharma sector. The company stock price is very expensive at the current
price and has potential to crash to 50 Rs. We are extremely bearish and this
can be one of our many of windfall trading opportunity for futures short
sellers and put call traders. Also, investors can offload and save their
capital from erosion.

Technical Picture:

The stock surged to
180 levels, which was its lifetime high of 2010 bull market. But it could not
sustain there and has been trading about sideways since more than a year now.
We believe it has broker the range on the downside, by closing below 160 on
monthly chart and about to break 100 DMA on the same. It has already broker 100
and 200 DMA on weekly and daily charts. We believe to short on every rise and
make huge money in futures and options in such sureshot calls. To get the
strategy and levels, and entry, exit you can contact us.

This is only a brief commentary; you can contact
us for complete research, analysis and view on the stock.

Join one of our services for getting regular
trading calls in all segments like equity stock cash intraday, positional,
index options, index futures, stock futures, stock options and intraday and
positional in all of the segments with high accurate less calls with small
stoploss and bigger target with personalized service for tracking your
profits/losses with us, that’s what we call assured profit services.

It is possible, that we have already given this
stock recommendation to our clients, or will give it in future, and may
exit/reenter as per deem fit to us, updates of which are not possible to give
everytime.

Disclaimer:
We or our clients may be holding positions in one or more or all of the stocks
recommended by us.

Go check out our site for details or email us or
call us for detailed discussion.